California DFPI Shares Progress on Implementing Consumer Financial Protection Law

 

The state’s Consumer Financial Protection Law covers licensing and debt collection, and created a Debt Collection Advisory Committee that includes ACA International members. 03/29/2022 11:15 A.M. 4.5 minute read A year after implementing one of the most expansive consumer protection laws in the U.S., California’s Department of Financial Protection and Innovation (DFPI) announced it has […]

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Arizona Passes Legislation on Financial Services Licensee Requirements

Article III Standing

 

Arizona financial service licensees, after the passage of Senate Bill 1394, will be required to have a separate license per business name in the state. 03/25/2022 1:45 P.M. 1.5 minute read Arizona Gov. Doug Ducey has signed licensing legislation proposed by the Arizona’s Department of Insurance and Financial Institutions (DIFI). S.B. 1394 amends Arizona Revised […]

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Nevada Announces Move to NMLS for Debt Collection Licenses

Tennessee Collection Service Board

 

Applications to start using the online system will be available to Nevada debt collection licensees April 1. 02/03/2022 4:00 P.M. 2.5 minute read Debt collection license applications in Nevada will be available on the Nationwide Multistate Licensing System (NMLS) beginning April 1, 2022. The Nevada Financial Institutions Division (NFID) started transitioning all non-depository licenses to […]

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California DFPI Addresses NMLS Delays on Licensing Applications

 

Licensing department assures debt collectors that delays in accessing licensing applications through the system will not result in regulatory action. 01/04/2022 4:00 P.M. 4 minute read Before the end of 2021, the California Department of Financial Protection and Innovation (DFPI) had received approximately 600 applications for debt collection licenses, which were required to be submitted […]

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